| PINNACLE III has developed a program to assist groups or facilities that could benefit from additional expertise to reach higher goals. If you have an ancillary facility that should be performing at an elevated level, PINNACLE III can assist with identifying opportunities and creating efficiencies toward improved performance. The revitalization process begins with an on-site audit and analysis of your facility operations by PINNACLE III team members. They review everything from the business office practices to your clinical operations. This site visit is followed by the presentation of a detailed written report and action plan for improvement. |
|
“The quality of management companies differs substantially
across the board. However, a center planned and executed by
an intelligent and strong management company still has a much
greater chance at success than a physician only center or a
center planned without a management company or with a poor management
company.” Quote by Scott Becker, esquire, McGuire
Woods: |
|
|
|
| Description |
|
- Perform an on-site operational systems audit to evaluate efficiencies and conduct a business office audit to evaluate coding, billing processes, electronic claim filing, collections, and outstanding A/R.
- Review payor contracts and reimbursement practices.
- Perform revenue and expense analysis for all departments.
- Interview staff, physicians and managers/administrators to obtain their input and ideas for improvement.
- Analyze and identify market-specific opportunities or threats affecting business success.
- Review vendor contracts, requisition and purchasing approval processes, accounts payable process and salary structure to identify potential cost reductions and facility savings.
- The PINNACLE III team is usually on-site for two to three days with additional follow up by phone and e-mail, as needed.
- Options for implementation of action plan and management of facility by PINNACLE III.
|
| Highlight |
|
- Propose methods to reduce costs, improve profitability, enhance productivity and increase patient and employee satisfactions, resulting in bottom line revenue that is currently unrealized.
|
| Value |
|
- Streamlined process performed on-site with administrative involvement.
- Written summary of findings from auditors with action plan that can be implemented by local staff or PINNACLE III staff.
|
| Impact |
|
- Direct bottom line improvement.
- Enhanced productivity in all areas.
- Increased patient and employee satisfaction.
- Improved management processes that empower staff and enhance working environment.
- Increased purchasing power and efficiencies.
- Improved efficiencies in business office procedures, resulting in increased revenue capture in all departments.
|
|
|
